Discussion:
In a two to three page summary, describe;
• What is the Partner's capital account?
• What can Partners' contribute to establish a capital account?
• What is the profit and loss allocations? What document is the ratio found in?
• Provide examples of different income ratios and explain why they differ.
Your assignments should be free of spelling and grammar errors. Transitions between paragraphs should be clear and your paper should include and introduction and conclusion.